All mutual funds articles

  • Overcharge

    Merrill Lynch to pay $7.2M to customers overcharged for mutual funds


    Merrill Lynch will pay more than $7.2 million in restitution and interest to customers who incurred unnecessary sales charges and paid excess fees in connection with mutual fund transactions, FINRA announced.

  • State Street

    State Street to pay $88.8M for mutual fund overcharges


    State Street will pay $88.8 million to resolve charges with the SEC that it overcharged mutual funds and other registered investment company clients for expenses related to the firm’s custody of client assets.

  • Blog

    SEC: SunTrust improperly recommended higher-fee mutual funds


    The SEC has charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available.

  • Article

    SEC brings more bank-like regulation to mutual funds


    Mutual funds and ETFs face new disclosure requirements and redesigned liquidity risk management programs under a new SEC rule targeting systemic risk. Joe Mont has more.

  • Blog

    Mutual fund directors grapple with risk, regulation


    Complex risks connected to derivatives, liquidity, and trading mean that mutual fund boards must ensure they are equipped to address continuously evolving challenges, while not stepping over the line that divides oversight from day-to-day management. That’s the word from SEC Chair Mary Jo White, who delivered the keynote address at ...

  • Blog

    SEC Considers Derivatives Rules for Registered Funds


    The SEC has proposed rules that, once finalized, will modernize and enhance existing regulations placed on the use of derivatives by registered investment companies. The proposed rules would limit the use of derivatives by mutual funds, exchange-traded funds, closed-end funds, and business development companies. It also requires them to establish ...

  • Blog

    SEC Proposes New Rules for Mutual Funds, ETFs


    The SEC has proposed a slate of rules intended to enhance effective liquidity risk management by mutual and exchange-traded funds. Among the requirements is a requirement for a board-approved liquidity risk management program. The Commission would also allow “swing pricing,” reflecting costs associated with shareholders’ trading activity in a fund’s ...

  • Blog

    IMF: Regulators Must Focus on Mutual Funds, Insurance Companies


    The thesis of a new report from the International Monetary Fund is hardly shocking. Despite progress, the U.S. must finish the work begun on financial reforms, it concludes. More telling is an assessment of what new areas systemic risk has bubbled into and how regulators should respond. Greater attention ...

  • Blog

    SEC Proposes New Disclosures for Investment Companies


    The SEC has proposed new rules and forms to modernize reporting for mutual funds, ETFs, and other registered investment companies. A new monthly portfolio reporting requirement, Form N-PORT, would require registered funds, other than money market funds, to provide portfolio-wide and position-level holdings data to the SEC. Details inside.